The jackpot for the MEGA Millions draw on Tue May 5, 2026, is projected to be $195 Million, with an option for a cash payout of $86.3 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Maryland residents, the state will deduct 8.95% from your lottery earnings.
| Maryland MEGA Millions Jackpot/Cash Option for Tue May 5, 2026 |
|---|
| Draw Date | Tue May 5, 2026 | | Projected Jackpot | $195,000,000 | | Cash Value | $86,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,300,000 | | Federal Tax(24%) | $20,712,000 | | Additional Federal Tax | $11,179,330 | | State Tax(8.95%) | $7,723,850 | | Net Lumpsum Payment | $46,684,820 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$262,678 |
$1,626,007 |
| 2 |
$3,081,780 |
$1,100,589
$275,819 |
$1,705,372 |
| 3 |
$3,235,830 |
$1,157,587
$289,607 |
$1,788,636 |
| 4 |
$3,397,680 |
$1,217,472
$304,092 |
$1,876,116 |
| 5 |
$3,567,525 |
$1,280,315
$319,293 |
$1,967,917 |
| 6 |
$3,745,950 |
$1,346,332
$335,263 |
$2,064,355 |
| 7 |
$3,933,150 |
$1,415,596
$352,017 |
$2,165,537 |
| 8 |
$4,129,905 |
$1,488,395
$369,626 |
$2,271,884 |
| 9 |
$4,336,410 |
$1,564,802
$388,109 |
$2,383,499 |
| 10 |
$4,553,250 |
$1,645,033
$407,516 |
$2,500,701 |
| 11 |
$4,780,815 |
$1,729,232
$427,883 |
$2,623,700 |
| 12 |
$5,019,885 |
$1,817,688
$449,280 |
$2,752,917 |
| 13 |
$5,270,850 |
$1,910,545
$471,741 |
$2,888,564 |
| 14 |
$5,534,490 |
$2,008,092
$495,337 |
$3,031,061 |
| 15 |
$5,811,195 |
$2,110,473
$520,102 |
$3,180,620 |
| 16 |
$6,101,745 |
$2,217,976
$546,106 |
$3,337,663 |
| 17 |
$6,406,725 |
$2,330,819
$573,402 |
$3,502,504 |
| 18 |
$6,727,110 |
$2,449,361
$602,076 |
$3,675,673 |
| 19 |
$7,063,485 |
$2,573,820
$632,182 |
$3,857,483 |
| 20 |
$7,416,630 |
$2,704,483
$663,788 |
$4,048,359 |
| 21 |
$7,787,520 |
$2,841,713
$696,983 |
$4,248,824 |
| 22 |
$8,176,935 |
$2,985,796
$731,836 |
$4,459,303 |
| 23 |
$8,585,655 |
$3,137,023
$768,416 |
$4,680,216 |
| 24 |
$9,015,045 |
$3,295,897
$806,847 |
$4,912,301 |
| 25 |
$9,465,690 |
$3,462,636
$847,179 |
$5,155,875 |
| 26 |
$9,939,150 |
$3,637,816
$889,554 |
$5,411,780 |
| 27 |
$10,436,010 |
$3,821,654
$934,023 |
$5,680,333 |
| 28 |
$10,957,830 |
$4,014,727
$980,726 |
$5,962,377 |
| 29 |
$11,505,780 |
$4,217,469
$1,029,767 |
$6,258,544 |
| 30 |
$12,081,030 |
$4,430,311
$1,081,252 |
$6,569,467 |
|
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